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Top economists clash at Davos over ECB bond-buying
Add BT as a preferred sourcePublished Wed, Jan 21, 2015 · 09:50 PM
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Davos
TOP economists in Davos clashed on Wednesday over the impending decision by the ECB to buy up sovereign debt, an unprecedented measure to fight deflation that powerful Germany believes would merely allow overspending eurozone states to put off reforms.
Europe has squandered three years of opportunity to carry out badly needed economic reforms, former Bundesbank chief Axel Weber said at a panel in Davos, the ski resort hosting the global elite over four days at the World Economic Forum.
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